Skip to main content

About your Search

20121129
20121207
Search Results 0 to 5 of about 6
for entitlement programs. do democrats support that? >> first of all, we do democrats, saw savings in medicare of over $700 billion and affordable care act. we use that money to strengthen medicare and extend its life for almost a decade and to increase benefits for seniors now. is there more opportunity for that? yes. but not at the expense of an official years. there have been all kinds of -- but not at the expense of beneficiaries. >> st. mary's hospital is a catholic institution in san francisco. should they be required to adjust to this new health plan? >> the compromise is a reasonable one. >> madame leader? >> yes. >> would you support that if it is part of the package? >> i want the middle class to get a break. i would hope we could get the middle income taxes cut. it is important for us not to think that the payroll tax holiday is a substitute for real relief for middle income families in our country. in the absence of other things, which might have to be considered, i had hoped that two years would be enough. unfortunately, republicans in congress have stood in the way of many of the
, more people are out of work. it means that we do not have money to pay for basic benefits like medicare and social security. it is important to talk about deductions and tax policy in terms of tax reform. john boehner opened the door for that. president obama has indicated no intention of looking at that. host: what deductions would you put on the table? guest: tax reform is not to raise revenue. is to make the tax code less of a drag on the economy. we do that by lowering tax rates and getting rid of some deductions, exemptions, credits. but we do not do it to raise revenue. host: chuck marra, how important our deductions? guest: they are very important. if you get into this notion that they are loopholes, then you look at the very popular deductions the people rely on. they're trying to balance the economic weakness with the long-term needs of the economy, which is that we do face a future of deficits that are unsustainable. we are trying to stabilize the debt has a share of our economy over time. that means about $4 trillion in savings. the good news is, last year, the congress and t
the president needs to show the democrats' hand on this. what do you want to do in terms of medicare and how quickly do you want those implemented? >> well, you can look at our budget from the last two years, and there are plenty of specific proposals, most of which were part of the conversation that the president and i had two years ago. or a year and a half ago. there have been discussions about many of those same issues this time. so there's a lot from the conversations that we've had to inform almost anybody the kind of proposals we're looking for. >> even the paul ryan plan on medicare doesn't really take effect for years down the road. do you want something more immediate? >> i think the debt crisis that we face requires us to make serious decisions and it requires us to make those decisions now. thank you. >> eric cantor also talk about the deficit reduction package. if the make it easier for foreign students to stay in the us, the stem jobs that. this is about 10 minutes. >> good afternoon. we just passed the stem's job act. it was a build directly related to trying the economy going
to be cut. he has said to trim medicare, but in a modest way. republicans are trying to protect the very popular high- end bush tax cuts. how do they make that up? they cut mortgage deductions that we've been talking about, and medicare. and they want to cut both of those, but it seems they are afraid to say that. if the republicans do not want to let the high end push tax cuts sunset, how will they make up that money? how much from medicare? how much from the mortgage deduction, a charitable deduction? people deserve to know that. host: here is a tweet. we need a flat tax and stop all the flap in. guest: that would be great. we have a flat tax at the heritage foundation. you can see it at the website. there has been an effort in the last couple of weeks to broaden the negotiation to something bigger than a grand bargain. i think that is largely misplaced. let's focus on the issues that are most pertinent right now, which is the expiring tax cuts. let's focus to what matters by the end of the year. host: thank you both for joining us. >> a bunch of reporters were called into a closed-doo
% earn is going to have a new 3.% medicare tax added to it. 3.8%. 0.9%, mr. speaker, that's an increase in the medicare tax on the earned income of these folks. 3.8% increase on the unearned income, 0.9% increase on the earned income. 2.7%, mr. speaker. that's the medicare tax that that top 1% is already paying on all of their earned income today. it's going to go up another .9. they are already paying 2.7. the president says that's not enough. let me do some quick math here. they are only gg to have to pay one, mr. speaker, either the unearned income tax or earned income tax that would be 3.8% either way. they are paying 39.8, plus this 15.3, of course, on all those dollars that are subject to medicare and social security under the cap today, plus another 6% the average rate for state income tax today. let me add those. my home state of georgia, let me come back over here to these middle class taxpayers that appear to be paying 46.3% as a marginal rate of every dollar they earn. back over here to the high income folks, before they pay their payroll taxes, we have 44.8, and of course on
ryan the plan on medicare does not take effect four years down the road. do you want it to be more immediate? >> i think the debt crisis we face requires us to make serious decisions and to make those decisions now. thank you. >> eric cantor also spoke about the deficit reduction package at this conference that would make it easier for foreign students to stay in the united states. this is 10 minutes. >> good afternoon. we just passed the stem jobs act. it is related to trying to get the economy going again. we know one of america's strength has been innovation. " we have seen the not only american students, but many foreign nationals have come to this country to be educated in our colleges and universities, specifically in the stem areas. it will allow these individuals to have a green card if they get a diploma. therefore enabling them to stay in this country to begin their careers and not to go to their home countries and compete with us. this is something we strongly believe in. i think it reflects what all of us think about america, we are a country of unlimited opportunity. w
Search Results 0 to 5 of about 6